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Using twenty stocks from the Flyer Fund with equal representations for all ten S&P 500 sectors, an analysis was made to determine whether stocks had positive or negative excess returns over the period 2007-2010. Excess kurtosis (EK), a statistical measure for fat tail distributions was then calculated for the 20 stocks based on the excess return data. Using each stock's EK as the independent variable and 2011 stock returns as the dependent variable a cross sectional regression will be run to measure the impact of EK on stock price change. Results are forth coming.